Industry Notes


October 10, 2024

Looking For More Cyclical Positives Than Negatives

By Steven Fox

We think the upcoming CQ3 EPS season for the technology supply chain can generally keep alive expectations for a broadening cyclical demand recovery in coming quarters, albeit one that may build less dramatically when compared…

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September 20, 2024

Summer Auto Data Points Raise Questions

By Steven Fox

Yesterday, the European Automobile Manufacturers Association released new car registration data from the region for the month of August, which was basically in line with typically weak MoM seasonal trends. At the same time, registrations…

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August 29, 2024

Some Summer European Vehicle Data to Consider

By Steven Fox

This morning, the European Automobile Manufacturers Association released new car registration data from the region for the month of July, which was somewhat below seasonal trends. Registrations also included some weaker battery electric vehicle (BEV)…

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August 28, 2024

Fox Tracks: Retail Storage Pricing Survey

By Steven Fox

We checked retail channel prices yesterday (8/27) for hard disk drives (HDDs) and solid-state drives (SSDs), which we measure on a Dollar per Gigabyte basis ($/GB). Our checks suggested HDD retail prices are up meaningfully…

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August 28, 2024

Fox Tracks: Retail LCD TV Pricing Survey

By Steven Fox

On Tuesday (8/27), we checked U.S. retail prices on popular full-HD (1080p) and 4K Ultra High Definition (UHD 2160p) LCD TV models. Our survey turned up some mixed retail pricing dynamics, which is not too…

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August 19, 2024

AMD Deal Further Highlights EMS Value

By Steven Fox

This morning, Advanced Micro Devices (AMD; $155.28; NR) announced plans to acquire privately held ZT Systems, which designs, assembles, integrates, and tests servers, storage, plus other data center components, as part of a primary focus…

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August 13, 2024

Supply Chain Inventories Still Coming Down

By Steven Fox

Our latest look at aggregate inventories up and down the supply chain post CQ2 results season suggested further right sizing of inventories that we assume likely continues at least through the end of this year….

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August 12, 2024

Robust Storage Product Roadmaps on Display

By Steven Fox

Last week, we spent time at The Future of Memory and Storage Summit (FMS) in San Jose, CA, which further highlighted to us how a range of “productization” trends across NAND, DRAM, and hard disk…

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July 25, 2024

A Good Ruling for Rideshare and Online Delivery Players

By Steven Fox

Earlier today, the California Supreme Court ruled the state’s Proposition 22, which was passed in 2022, as constitutional after a group of rideshare drivers and labor unions challenged the constitutionality of the legislation. Recall, Proposition…

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July 18, 2024

European Vehicle Registrations Still Solid

By Steven Fox

This morning, the European Automobile Manufacturers Association released car registration data from the region for the month of June, which was somewhat above seasonal trends including some healthier hybrid electric vehicle trends. More to the…

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July 15, 2024

Some Regulatory Rumblings

By Steven Fox

This morning, Bloomberg is reporting that New York City’s Taxi and Limousine Commission (TLC) is working on developing a stricter set of rideshare driver pay rules, which are expected to be introduced over the next…

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July 11, 2024

Playing a Tricky Expectations Game into CQ2 Prints

By Steven Fox

We think the “expectations game” proves more complex for CQ2 EPS season than recent quarters. On one hand, we believe CQ2 expectations were generally set at reasonable levels especially since our checks suggest a healthy…

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June 28, 2024

Another Regulatory Overhang Removed for Rideshare

By Steven Fox

Yesterday, Lyft (LYFT; $14.02; O/P) and Uber Technologies (UBER; $72.44; O/P) reached an agreement with the Massachusetts State Attorney General’s office to set a minimum wage standard and offer a range of benefits for rideshare…

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June 21, 2024

Some Mixed European Vehicle Registrations

By Steven Fox

Yesterday, the European Automobile Manufacturers Association released car registration data from the region for the month of May, which was somewhat below seasonal trends including some weaker battery electric vehicle (BEV) registration trends that should…

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June 6, 2024

More Power Points for EMS

By Steven Fox

We think recent EPS prints from Atkore (ATKR; $143.65; NR), Eaton (ETN; $326.59; NR), Hubbell (HUBB; $381.62; NR), Johnson Controls (JCI; $71.95; NR) and WESCO International (WCC; $177.98; NR) point to further momentum on the…

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